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CBS
Dec 9, 2012 6:30am EST
speakership over. it but he has been moving in this last week, he has been removing recall trants from committee assignments. he has been exercising the powers that he should as a leader. >> president obama is not just sitting there. he has come forward asking to raise the debt ceiling. are you following that? >> yes. >> what do you think of that, and what do you think the congress thinks of that? >> well, it has to be raised. >> that's the power of the purse. >> the power of the purse is the power to spend. congress has already authorized and appropriated all of this money. now, it wants to come back in and prevent the government from paying the debts accrued by congress itself. so there is something absurd in congress coming in behind, and saying all of am money that we appropriated, we -- this money that we appropriated, we don't want to pay for it. we want to default on the national debt. >> if he has the power to raise the debt ceiling, the defacto power to do that, is that causing a mall-balancing, a bad balancing between the executive branch and the legislative branch? >> not at
PBS
Dec 9, 2012 3:30pm PST
, there will be consequences and you will be held accountable. >> president obama this week warned the president of syria, bashar al-assad not to use syria's chemical weapons against his own people. rebel syrians are waging an offensive against other syrians, largely assad's government forces. unnamed u.s. officials say that syria has even gone so far as to load the precursor ingredients of sarin, a deadly nerve gas, into the aerial bombs. whether this activity is to protect the chemicals from advancing rebel forces, or for assad to actually use them against rebel forces, is not clear. as secretary of state hillary clinton points out. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syria automatically denies it intends to use chemical weapons against its its own peo whether rebel or nonrebel, quote. syria stresses again, for the 10th, the 100th time, that if we had such weapons, they would not be used against its people. we would people. whether suicide. we fear t
FOX News
Dec 5, 2012 8:00am PST
. >> 's the one that was president obama just weeks after he took office in 2009 at the opening of the fiscal responsibility summit. today we owe more than $16 trillion, and he wants to raise the debt ceiling to spend even more money that we honestly don't have. our next guest says that both sides are to blame equally. charlie is a columnist for the washington times. okay, they cannot be equal. who is more to blame? the president or congress. i would make the argument that obama is clearly the one. certainly democrats are probably little bit more to blame. two years ago, democrats ran the entire town. they had a filibuster proof majority in the senate. they control the house and white house. if they wanted to cut spending at that time, they could have done so. republicans -- they could've done it over every republican objection and they could've gotten everything they wanted. they didn't do that. but i do think it's worth remembering that if you go back 10 years, president bush, and the republican-controlled congress, then acted too expensive for us that were not paid for. the t
WHUT
Dec 6, 2012 6:00pm EST
a month on fears of chemical weapons. this week, president obama warned president bashar al-assad against chemical weapons, about an unspecified consequences. speaking to leaders in brussels, hillary clinton followed suit. >> our concerns are that an increasingly desperate assad regime may turn to chemical weapons, or may lose control of them to one of the many groups that are now operating within syria. so as part of the absolute unity we have on this issue, we have sent an unmistakable message that this would cross a red line. those responsible would be held to account. >> in response to the threat, assad's regime has assisted it will not use chemical weapons against its own people, calling an assertion to the contrary to a pretext for intervention. >timothy geithner is says the obama administration is prepared to see the u.s. go over the limit fiscal cliff rather than cave to republican demands for a continued tax break for the wealthiest americans. he made the statement in an interview with cnbc. >> i want to understand the administration's position on raising taxes for the wealthy, t
FOX News
Dec 9, 2012 7:00am PST
's accusing president obama of dragging his feet as the deadline looms. is more of the same in store for the week ahead? joining us, managing edit for of the hill. >> good morning. >> we talk about this happening and going over the cliff. speaker boehner accuses the white house of dragging its feet. >> president obama offered a proposal, republicans didn't like that plan. now the g.o.p. has countered. so the ball is in the white house's court and that's what republicans are basically waiting for. but i don't see -- i don't think you'll see real progress over the next week. we are about two weeks away from christmas. three weeks until we hit the deadline and they're nowhere. what speaker boehner said correct. there's been no progress and there will be nor jockeying and leverage the next week. >> i want to point out in the president's weekly address that was issued yesterday, he says there's wiggle room by democrats to come up with a solution. >> that's true. that's what president obama -- he's been saying to republicans here and there, i'm willing to put more on the table but pour the
FOX News
Dec 5, 2012 6:00pm PST
this week president obama issued a very stern warning to assad that if, in fact, he used chemical weapons on his own people, he would be held accountable. now we're going to continue to follow the breaking developments out of the region, but first tonight, urgent developments on the fiscal cliff show down. tim guy ne geithner announced of of the white house that we would, quote, absolutely go over the fiscal cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the presiden
FOX News
Dec 5, 2012 7:00pm PST
. >> it was week. >> president obama has said that he has pen in hand and he's prepared to sign the middle income tax cuts. >> you have a president of the united states that has the mighty pen. you bailed out the banks. bail out the american people that don't have homes for the holidays. >> in his second term i hope he will offer fresh ideas and serious leadership. >> we need a response from the white house. >> i'm hea here to tell you that nobody wants to get this done more than me. >> it's true that president obama won reelection and i congratulate him on his victory, but on january 20th, he'll face a stagnant economy and a fiscal mess. >> our people in an overwhelming way supported the reelection of this president, and there ought to be a quid pro quo and you ought to exercise leadership on that. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbor
CNN
Dec 4, 2012 1:00pm PST
the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> i know that the president wants a deal and he didn't try to handicap it. >> reporter: earlier this week, he told so-called middle class americans on twitter, keep pressure on congress. he's even ventured outside the beltway rallying supporters to do just that. >> i'm going to be asking for you to be making your voices heard. >> reporter: why isn't he calling speaker boehner? >> we speak frequently. >> reporter: when will the two of you sit down in a room? >> i don't think the issue right now has to do with sitting in a room. >> reporter: in part, the white house was burned with the negotiations in 2011 when lots of meetings failed to stave off a fiscal nightmare. but there's another strategy at play. some in the administration say they learned in the first term the best way to break washington stalemates, rally the publ
CNN
Dec 6, 2012 4:00am PST
reacted this week. president obama made a very pointed warning publicly to the syrian leadership. secretary clinton has done that twice on her current trip. secretary clinton will be meeting with the russian foreign minister and the u.n. mediator in syria today in brevlin. >> let's talk about those meetings. >> you can be sure that this issue of chemical weapons will be at the top of the list. >> no question about that. what are the options there? what can the international community do at this point if, in fact, they are already in a position where they're loading these components on to the weapons? >> well, one is this public message from the united states, from the nato secretary general and from the russians. the syrian government, including assad personally, will be held accountable. second is perhaps to see if the russians can use their influence. they're the big egest arms supplier to syria, the biggest ally that syria has, to dissuade the syrians from letting this chemical weapons loose or using them against the rebel alliance. if assad should fall and there's a chaotic p
MSNBC
Dec 8, 2012 11:00am PST
the so-called cliff. last week's survey found that 21% of americans would blame president obama and the democrats. 23% say they would blame the republicans. 52% would be annoyed with both parties equally. is it really clear at this point who would be blamed? >> i think the -- >> i'm sorry. excuse me. >> it's okay. i think members of congress bear the brunt of this, especially the house. they're going to be the odd man out. i think in the end voters, if the deal does not happen, the house will carry a lot of blame for it. >> two member numbers very imp 39.6%, 35%. the president would like 39.6%. i want both of you to take a listen to something speaker boehner said friday in response to a question about raising tax rates. take a listen. >> can you see some way that you could agree to tax rate increase and protect small businesses at the same time, maybe going with the 37% or some middle ground on -- >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position, in
FOX News
Dec 3, 2012 4:00pm PST
profile since the election. but last week he had lunch with president obama at the white house. it's been more than a month now since super storm sandy unleashed a surge of water that destroyed neighborhoods upon neighborhoods along the east coast. all these weeks later we are feeling the effects of the storm. how sandy really flattened the economy. and what did america's children do to deserve this? fox reports on a program that will require students in several states to spend hundreds more hours in school each year. plus the new plan to save a small town doctor from extension. --ti extinction. that is a cust. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. humans -- sometis life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy.
MSNBC
Dec 7, 2012 11:00am PST
the road where they have more leverage. president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called fiscal cliff. today speaker boehner said talks were going absolutely nowhere. do you want to take an opportunity to update your prediction, or are you sticking with 50/50? >> well, i'll stick with 50/50, maybe 55/45 we will go off the cliff. essentially what's happening, your report was excellent, i thought. there's a face-saving maneuver that the speaker has to find. he has to find a way to get his members to be able to do that, which they don't want to do. he knows that taxes go up on the top 2%. obama won that in the campaign. the problem that the speaker faces is his memb
CNBC
Dec 4, 2012 4:00pm EST
is not taking a day off, period, from now until year end and haven't for weeks. ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that
CBS
Dec 7, 2012 4:00am EST
morning. thank you so much. in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have
PBS
Dec 5, 2012 12:00am PST
: speaking of political mess, both sides have what they say are opening gambits on the table. president obama at least his last week which calls for $1.6 trillion in revenues. the republicans came back with their own yesterday. as you looked at each approach, what do you see in that? >> well, i think it's important. i think the reporting has been a little weak on the republican plan. it isn't really a plan. they're claiming $2.2 trillion in deficit reduction but the specifics they've actually laid out such as they have are only about $300 billion. the rest of it is all vapor ware. claims that they will close loopholes. they won't say what. claims they will cut spending but they don't say how. the republican plan is actually just a smoke screen. there's nothing real there. the obama plan is a very good, very sensible plan. which as we know as very little chance of taking place in its current form. at least it's a real plan. we know what it is he's proposing to do. >> ifill: among the critics of his plan are those who say that it doesn't do anything or speak at all to the economy of entitlement
FOX News
Dec 2, 2012 7:00am PST
anything they agree on? >> we have four weeks to go and so far there is not very much. remember, president obama said in the campaign he favored a balanced approach to getting over the fiscal cliff. balanced normally means about 50/50. 50% spending restraint. 50% revenue enhancement. but the president's proposal is apparently something like 80% tax increases. 20% spending restraint. unspecified. unspecified means it won't ever happen. >> jamie: what do you expect to happen given the fact that speaker boehner says that the white house is not willing to compromise on anything. if you are an american and you are sitting at home, maybe you are relying on entitlements. do you think both sides will have to cut entitlements and which ones? >> guest: entitlement reform will have to become part of a comprehensive approach early in the next year. i don't think in the holiday period you will be able to sort out any kind of a grand bargain. what really should worry americans is taxes will go up on everybody, unless some resolution is made by december 31. that will weaken the economy. that will ultimat
FOX News
Dec 4, 2012 12:00pm PST
secretary and secretary of state, some time over the next two weeks. >> too little, too late; president obama's response to the g.o.p. plan to avoid the cliffally. in an interview with blomberg tv the president said there is not enough time to pull off the republican's proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on amounts earned above $250,000. everyone gets the tax cut, the first $250,000 is not taxable only but that. the president says, look, i ran on this and i am going to do this. but he is signaling he could be flexible on how high they would go. ed henry is like. this has been out there for a few days. >>reporter: that right. the president had the governors in today and they underdiscover the fiscal cliff will not just impact the national economy but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. t
FOX Business
Dec 5, 2012 1:00pm EST
to president obama. he himself said, himself said, that he will, you know, he thinks two weeks really isn't adequate to do this thing correctly. let's just raise taxes. i mean the president himself is, he is a 40%. and he is a leader who is obviously not interested in reaching the conclusion before the end of this year. we're looking at some really, really sat efforts on the part of this white house and some outrage just demands and ultimatum. by the way i think the president has claimed this fiscal cliff for his own and i don't like quite understand why the national liberal media insists upon talking about, for example, 53% of those surveyed say it is going to be the republicans fault. that is inanity. shows you level of ignorance what is happening in washington, d.c. this president set an ultimatum. his solution will be determining what happens on the 1st of january, 2013 whether we go over the cliff or not. he added to this already difficult task, national debt ceiling. i mean, this is a man looking for a fight. he is man who has found it. i'm sorry? melissa: more spending. he slapped
FOX News
Dec 5, 2012 12:00pm PST
. >> the fiscal cliff crisis and president obama saying it could all be over in a week if republicans would get on board with his plan. of course, republicans argue he is the one refusing to budge. jut more bickering as we get closer and closer to a potential economic disaster. by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax r
FOX News
Dec 6, 2012 4:00pm PST
would be president obama's water loo. remember that? earlier this week he argued that speaker boehner's proposal tax hikes would destroy jobs. but senator demind says his resignation has nothing to do with the fiscal cliff. it's because he has accepted a job as president of the conservative think tank the heritage foundation. jim demint served three terms as a u.s. congressman from south carolina before voters first elected him to the senate in 2004. mike emanuel is on capitol hill tonight. it's a big resignation,. >> jim demint says is he leaving the senate, shep he is not leaving the fight. in fact, demint might be able to spend more time on issues he is most passionate about at the heritage foundation. he explained his thinking on "special report" a short time ago. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we didn't have so many new bright young conservatives now in the senate. but it's time that conservatives take control of our message and let americans know what we can do to make their lives better. earl
FOX News
Dec 4, 2012 9:00pm PST
other than abc news. yes, it turns out that in the three weeks following the election the net woul network cd obama's favorite issue which is raising taxes 17 times more than spending cuts, and all told, 10 minutes and 18 seconds were devoted to taxes. compared to a whopping 35 seconds of air time on house spending cuts might be a useful tool in actually tackling our debt. not surprisingly, that trend was-mile-an-hou mirrored all across the major networks. here with reaction to that report and obama's parent indifference to the approaching so-called fist colorad fist fisk stein. welcome to hannity. >> great to be with you, sir. >> i'm getting the feeling more and more every day. he wants to humiliate the republicans. >> i this is an opportunity to drive a stake through the republican party. i think his strategy all along, i said this in my book, so it's weird to see it coming true so literally is to establish 25% of gdp as the new baseline for federal spending. he needs everybody's taxes to go up, not just warren's buffett's. he can do that two ways. he can get john boehner to capi
KCSMMHZ
Dec 6, 2012 2:30pm PST
this week, wiping out whole villages, leaving around 200,000 people homeless. >> the u.s. business magazine " forbes" has named barack obama as the world's most powerful person in its annual rankings. german chancellor angela merkel is in second place while russian president vladimir putin is in third. >> in the wake of the typhoon, the philippines is calling on united nations negotiators to do more about climate change and global warming. >> representatives from nearly 200 countries are gathered for a summit on the environment. they hope to find ways to lower emissions worldwide. >> but there are deep divisions, and many expect there will not be any results from the talks, which and tomorrow. >> dw spoke earlier to the head of the u.n. environment program and we asked him if anything at all could come out of this conference. >> we still have to give you a days ago, and i believe there will be a number of outcomes. the green climate fund, the kyoto protocol extension -- these are fundamental building blocks of an international climate process, but ever since copenhagen, we are pursuing a se
FOX News
Dec 3, 2012 6:00am PST
with congressional leaders started a few weeks ago really with president obama calling for that $1.6 trillion in additional tax revenue over 10 years that you just heard about from john boehner. treasury secretary tim geithner argues that you can not raise enough revenue to reduce the deficit by only doing the loopholes and the tax breaks. and that is the major priority for republicans in this but some senior republican aides said they believe along with spending cuts, compromise would generate about a trillion dollars in new tax revenue, possibly from in parting those tax deductions. bill: where do we go, huh, martha? martha: good question. bill: congressman that broke ranks on one item is with us in 25 minutes. today he has a strong message directed at the white house and president obama. congressman tom colatosti out of oklahoma a bit later here on "america's newsroom.". that is 22 minutes away. martha: we brought you this breaking news on friday and now there's new fallout from that horrible train derailment in new jersey. remember these pictures? emergency officials closed schools now in
FOX News
Dec 9, 2012 8:00am PST
-down time in washington. president obama and the democrats, versus the house republicans and the so-called fiscal live. after weeks of negotiations, publicly, at least, talks have stalled, as the two sides have battled it out over tax hikes hs and entitlement reform. but what can be done about the nation's out-of-control spending. tim murphy is here now. chairman of the house oversight and investigations subcommittee for the energy and commerce committee. good to see you in person. welcome to new york. >> who do you think is going to blink? president obama says he wants the tax hikes to go up on the wealthy. >> we both better get together and come up with a solution. that's what the american family wants. all the other issues, we have to remember, it's what takes place, not at the 30,000 foot level, but at the kitchen table level. that's where the people are very concerned. will they have a job tomorrow? will their children have a job in the future? that means we have to deal with the deficit and the spending. we cannot continue to do this. the president's issue of unlimited power t
CNN
Dec 5, 2012 11:00am PST
, on the 17th of this month. so the yearly obama trip to hawaii is set to start a week from next monday. you feel me here? see where i'm going? the window closing faster than folks think. what are our decisionmakers doing right now? among other things they are apparently sending signals through the media. republicans saying time to get moving. the president saying there is a deal to be had fairly quickly if the republicans come around to raising taxes on the wealthy. let me give you the president first. >> -- good faith offer to avert the fiscal crisis, and that offer included significant spending cuts and reforms, and it included additional revenue. and frankly it was the balanced approach that the president has been asking for. now we need a response from the white house. we can't sit here and negotiate with ourselves. our targets and framework are things that we can all agree on. and it is exactly how we approached our discussions in the biden group, my discussions at the white house a year and a half ago and for that matter, in the joint select committee. and if the president doesn't agr
CBS
Dec 7, 2012 5:30pm PST
of hiring in the northeast. president obama asked congress ssday for more than $60 billion today p states rebuild after superstorm sandy. in new york city, a jury deliberated more than a week in the trial of a bus driver accused of being so tired, he caused a crash that killed 15 of his passengers. today came the verdict: not guilty. and michelle miller tells us the driver is a free man tonight. .> how do you find the >> hndant, guilty or not guilty? >> not guilty. t reporter: the bus driver wept veen he heard the verdict. ears ill williams could have faced 15 years in prison. hisas driving 32 people from a connecticut casino to new york's chinatown when his bus hit a guardrail, toppled, and was torn open by a signpost. williams claimed he'd been cut off by a tractor-trailer. investigators found no evidence of that. but they discovered williams averaged three hours of sleep in the days before the crash. they cited driver fatigue as the probable cause. florence wong's father don lee was killed in the crash. >> he had 15 lives that was under under his control and they're not here. he has to
FOX News
Dec 7, 2012 6:00am PST
difficult for egyptian opposition parties to get access to our ambassador, senior leaders from the obama administration. bill: if you read the "time" magazine article that has morsi on the cover this week -- >> right. bill: it says morsi is heartened by the show of protests because this means cord -- according to his people that democracy is working. democracy is defined a lot of different ways around the world as we found out the past decade. he said this. egyptians will pass through this. we are learning he said, we are learning how to be free. i don't know how president morsi defines the word free, do you? >> not the same way i do. look if those words had come from someone else, if those words had come from one of the leaders of opposition parties i would take them to heart and i would think they are actually correct. not from president morsi. what we've seen particularly with his power grab and with the kind of constitution he is pushing is precisely the opposite of democracy. we're seeing egypt move the opposite way. the revolution we saw just over two years ago or just under two ye
CNN
Dec 6, 2012 11:00am PST
.s. debt limit. senator mcconnell is demanding 60 senate votes for passage. president obama pushed for the power transfer in a most recent and main proposal last week on the fiscal cliff. >>> now no john mcafee. the millionaire software guru wanted in questioning in the neighbor's murder in belize. maybe you heard mcafee. got arrested in guatemala overnight. shouldn't come as much of a surprise here. the whole time supposedly on the run, he was handing out tv interviews like candy. but listen to this. now the mcafee is in jail, he is blogging from behind bars. the story just keeps getting more interesting, shall we say? more on the blogging here in a moment. but first, i have to play you this video. this is the video of his arrest. surprise-surprise. he was with a camera crew from vice.com when guatemalan police took him in. the charge, entering that country illegally. take a look here. exclusive video of vice.com. >> they're trying to arrest me. guatemalan jails have beds. >> john, where are you going? >> to jail. >> when will you be out? >> and off he goes. to think, just yesterd
FOX Business
Dec 7, 2012 5:00pm EST
why take the risk. melissa: peter do you agree with that. >> yeah. it is the barack obama effect. only 150,000 a month the man is obsessed what did he say last week campaign, voting is the best revenge. now he is about to take it out on the one or 2%. that is all his focus. he is going around the country, hurricane sandy, rebuilding needs to be done. he is not paying attention to that and certainly not paying attention to jobs creation. instead he is on this vendetta. melissa: ian, at the same time you see companies out there, they're doing what they need to do. we saw ibm for example saying that when it comes to their 401(kk, instead of contributing every other pay period the way they have before they will wait until the very end of the year and do their matching then. almost an accounting trick. not really a trick. a way to do it differently they save a lot of money. they hang onto the money for entire year and earn interest on it. god forbid you leave the company and never see the money. for workers you don't earn on money all year long. not in your 401(k) growing. these are the kin
FOX News
Dec 2, 2012 9:00am PST
. >> shannon: who will blink first? the obama administration says the ball is in the g.o.p.'s court. republicans insist it's the president's turn to get serious about dealing with our country's debt. >> it's unfortunate that the white house spent three weeks doing basically nothing. >> this is a very carefully designed set of reforms. if republicans would like to go beyond these reforms, or they want to do it differently, they should tell us how they want to do it. >> i believe raising tax rates hurts our economy, hurts the prospects for more jobs in our country. >> shannon: as the sparring continues over the fiscal cliff, neither boehner nor geithner can say for certain that the country will not go over the edge. i'm shannon bream. america's news headquarters live from the nation's capital starts right now. >> shannon: we want to get to the budget standoff. peter doocy joins us live. there is time to strike a deal but not a lot. >> reporter: that's right. the speaker of the house john boehner made a point today to say there is not much time between election day and the end of the y
MSNBC
Dec 6, 2012 8:00am PST
you already know and those on unemployment it would drop from 99 weeks to 26 weeks. they say they're willing to do this. is this the fight that the obama administration really wants to take up freshly inaugurated, freshly into its new term to try to map out big, bold leadership instead of digging these trenches down the line that are going to have pitfalls and stakes all buried in it? >> i come from the school of thought that this country has overcome a lot more than just a few extra dollars. i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many avenues to a victory right now but he's got a good escape, thomas. all john boehner has to do to ex
MSNBC
Dec 6, 2012 10:00am PST
negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face reality. i would hope the house of representatives would look closely at what's going on with senators coming out saying please, mr. speaker, do something about protecting the middle class. >>
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